08 Sep, 2016Sharjah Islamic Bank and Emirates Islamic list Sukuk on Nasdaq Dubai
Two Sukuk were listed on Nasdaq Dubai today, one with a value of 500 million US dollars issued by Sharjah Islamic Bank (SIB) and the other a 250 million US dollar issuance from Emirates Islamic.
The listings raised the total value of Sukuk listed in Dubai to 44.8 billion US dollars, reinforcing the emirate’s stature as the largest Sukuk listing centre in the world by value.
SIB’s listing follows two earlier Sukuk listings by the bank on the region’s international exchange in April 2013 and April 2015, each of 500 million US dollars.
Nasdaq Dubai, formerly DIFX, is the international financial exchange in the Middle East. It allows companies to benefit from a unique investor pool that combines regional and international wealth, making it a globally unique platform for companies to raise money and for investors to find exciting opportunities.
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